Investor Presentation February 2026 DISCLAIMER ON FORWARD LOOKING STATEMENTS Certain statements made in this presentation that are not historical facts are forward-looking statements within the meaning of securities laws. Forward-looking statements in this presentation include, but are not limited to, information with respect to the developments in Gatekeeper's operations in future periods, and costs and timing of development, are subject to important risks, uncertainties and assumptions, both general and s ...

Core Insights - Seagate Technology Holdings plc (STX) is launching new edge-to-cloud storage solutions featuring 32TB hard disk drives (HDD) across its Exos, SkyHawk AI, and IronWolf Pro product lines, aimed at supporting AI-driven video analytics and data-intensive applications [1][10] Group 1: Product Launch and Market Demand - The introduction of 32TB HDDs is a response to the rapid data creation driven by AI-powered video image analytics, with over 75% of organizations expecting their video data volumes to double in the next five years [2] - Seagate's new drives are designed to help enterprise customers scale AI workloads across hybrid and multi-cloud infrastructures, leveraging the company's CMR technology [3][10] - The demand for scalable and cost-efficient storage solutions is increasing as AI-generated annotations and metadata for video data become more prevalent [2] Group 2: Competitive Landscape - Seagate faces significant competition from traditional HDD manufacturers like Western Digital Corporation (WDC) and flash-based alternatives, which are also expanding their product offerings [4][5] - Western Digital has reported strong demand for its ePMR and UltraSMR products, with shipments exceeding 2.2 million units in the September quarter, indicating a competitive market for high-capacity drives [5] - Pure Storage is a notable player in the flash storage segment, focusing on innovations for modern data workloads, particularly in AI and high-performance computing [7][8] Group 3: Financial Performance and Estimates - Seagate's shares have increased by 12.5% over the past month, outperforming the Computer Integrated Systems industry, which grew by 11.2% [11] - The forward price/earnings ratio for Seagate is currently at 24.33X, higher than the industry average of 17.73X [13] - The Zacks Consensus Estimate for Seagate's earnings for fiscal 2026 has been revised up by 2.2% to $11.26 over the past 60 days, indicating positive sentiment among analysts [14]